Francisco Partners’ $325 acquisition Of PayScale

Kirkland & Ellis LLP advised Francisco Partners on its majority investment in PayScale, Inc. Willkie represented PayScale, Inc. on the deal

This investment will provide PayScale with a new financial partner to build upon the company’s strong momentum and help continue to drive product innovation.

Francisco Partners, L.P. specializes in divisional spinouts, fallen angels, management buyouts, growth equity financing, going-private transactions, recapitalizations, and restructurings.

PayScale, Inc. is a leading provider of SaaS-based compensation data, analytics and software.

Raymond James & Associates, Inc. acted as exclusive financial advisor and Willkie Farr & Gallagher LLP acted as legal advisor to PayScale and its Board of Directors. Kirkland & Ellis LLP acted as legal advisor to Francisco Partners. The transaction is subject to customary closing conditions and is expected to close within the next 15 days.

The Kirkland team was led by transactional partners Sean Kramer (Picture) and Austin Pollet and transactional associates Simon Root and Justin Stahl, debt finance partner Brian Ford, and tax partner Devin Heckman; and included transactional partner Adam Phillips, debt finance partner Christopher Kirkham and tax partner Karen Lee.

The Willkie deal team was led by partners Morgan Elwyn and Manuel Miranda, and included associates Jonathan Kubek, Rand Potter and Gregory Bekiaris.

Involved fees earner: Brian Ford – Kirkland & Ellis; Devin Heckman – Kirkland & Ellis; Christopher Kirkham – Kirkland & Ellis; Sean Kramer – Kirkland & Ellis; Karen Lee – Kirkland & Ellis; Adam Phillips – Kirkland & Ellis; Austin Pollet – Kirkland & Ellis; Simon Root – Kirkland & Ellis; Justin David Stahl – Kirkland & Ellis; Gregory Bekiaris – Willkie Farr & Gallagher; Morgan Elwyn – Willkie Farr & Gallagher; Jonathan Kubek – Willkie Farr & Gallagher; Manuel Miranda – Willkie Farr & Gallagher; Ransel Potter – Willkie Farr & Gallagher;

Law Firms: Kirkland & Ellis; Willkie Farr & Gallagher;

Clients: Francisco Partners; PayScale, Inc.;

Author: Ambrogio Visconti